Research Frontiers (NASDAQ:REFR) Stock Passes Below 200 Day Moving Average – Should You Sell?

Research Frontiers Incorporated (NASDAQ:REFR) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.13 and traded as low as $0.72. Research Frontiers shares last traded at $0.74, with a volume of 24,613 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Research Frontiers in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Research Frontiers Stock Up 0.3%

The stock has a 50-day moving average of $0.86 and a 200 day moving average of $1.13. The stock has a market cap of $25.80 million, a PE ratio of -10.57 and a beta of 0.48.

Research Frontiers (NASDAQ:REFR) last issued its earnings results on Thursday, May 7th. The technology company reported ($0.02) EPS for the quarter. The firm had revenue of $0.14 million during the quarter. Research Frontiers had a negative net margin of 343.47% and a negative return on equity of 159.20%.

Institutional Investors Weigh In On Research Frontiers

A number of large investors have recently bought and sold shares of REFR. Virtu Financial LLC purchased a new stake in Research Frontiers in the fourth quarter valued at approximately $27,000. XTX Topco Ltd purchased a new stake in Research Frontiers in the fourth quarter valued at approximately $28,000. Finally, Raymond James Financial Inc. boosted its position in Research Frontiers by 151.5% in the second quarter. Raymond James Financial Inc. now owns 41,337 shares of the technology company’s stock valued at $68,000 after buying an additional 24,902 shares during the last quarter. Hedge funds and other institutional investors own 11.91% of the company’s stock.

About Research Frontiers

Research Frontiers Inc (NASDAQ:REFR) is a materials science company specializing in the development and licensing of its proprietary SPD-Smart™ light control film. This patented Suspended Particle Device technology enables electronic tinting of glass to provide variable light transmission, glare reduction and solar heat management. SPD-Smart films are designed for integration into architectural windows, automotive sunroofs and skylights, as well as aerospace and specialty applications.

The company’s core business model revolves around licensing its SPD technology and supplying the functional film to manufacturing partners.